Duolingo revenue and financials
$150.63Change from previous close: +1.68%Absolute change: +$2.50
In the fiscal year ended December 2025, Duolingo reported revenue of $1.04B (+38.71% year over year). Net income was $414.07M, a net margin of 39.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +38.71%
- 2025 vs 2024
- Net income growth
- +367.48%
- 2025 vs 2024
- Net margin
- 39.9%
- 2024: 11.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,992 | 1,302 | 954 | 747 | 661 |
| Current assets | 1,437 | 1,102 | 898 | 697 | 619 |
| Cash and equivalents | 1,036 | 786 | 748 | 608 | 554 |
| Short-term investments | 104 | 91.9 | 0.0 | — | — |
| Receivables | 179 | 130 | 89.0 | 46.7 | 33.2 |
| Net property, plant and equipment | 117 | 66.4 | 30.9 | 35.5 | 36.6 |
| Goodwill | 35.3 | 10.5 | 4.1 | 4.1 | — |
| Other intangible assets | 28.3 | 19.9 | 16.0 | 8.5 | 4.6 |
| Long-term investments | 135 | 98.3 | 0.0 | — | — |
| Current liabilities | 551 | 422 | 277 | 182 | 119 |
| Accounts payable | 8.0 | 6.4 | 2.4 | 1.2 | 7.8 |
| Total debt | 93.8 | 54.7 | 21.1 | 28.4 | — |
| Total liabilities | 645 | 477 | 298 | 205 | 148 |
| Total equity (incl. minority) | 1,347 | 825 | 656 | 542 | 513 |
| Retained earnings | 288 | -126 | -214 | -230 | -171 |